KPI Green Energy Limited has informed the Exchange about Incorporation of New Special Purpose Vehicle (SPV). Disclosure is attached herewith.
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KPI Green Energy has set up a new Special Purpose Vehicle named 'KPIN Clean Power Five LLP' (KCPFL), incorporated on June 19, 2025, and registered with the Registrar of Companies, Ahmedabad. The SPV will operate in the renewable energy space, focused on generating, distributing, and supplying power from wind, solar, and other renewable sources. KPI Green contributed Rs. 99,000 to the capital, while its wholly owned subsidiary KPark Sunbeat Private Limited put in Rs. 1,000, making KCPFL a fully company-controlled entity. KCPFL has not yet commenced business operations and reports nil turnover. The move is consistent with KPI Green's pattern of creating project-specific SPVs to execute its renewable energy pipeline.
A routine corporate action with negligible financial impact given the small capital infusion of just Rs. 1 lakh. However, the new SPV likely indicates another renewable energy project in the works, supporting the company's ongoing growth in the clean energy space.